Research Article
Digital Economy and Financial Constraints
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327679, author={Xinyou Zhang}, title={Digital Economy and Financial Constraints}, proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China}, publisher={EAI}, proceedings_a={MSIEID}, year={2023}, month={3}, keywords={digital economy financial constraints}, doi={10.4108/eai.9-12-2022.2327679} }- Xinyou Zhang
Year: 2023
Digital Economy and Financial Constraints
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327679
Abstract
As a new driver of China’s economic growth, the digital economy is improving rapidly and also adding vitality to Chinese enterprises by alleviating information asymmetry. Base on the data of Chinese firms during the period of 2011-2020, this study seeks to explore the relationship between the digital economy and the financial constraints faced by enter-prises through empirical research. It concludes that the digital economy can significantly al-leviate the financial constraints faced by enterprises. The construction of digital economy is a feasible way for China to enhance its economic capabilities. This study enriches the existing literature on the consequences of digital economy from the perspective of financial constraints and provides implications for policy-makers, listed firms and debtholders.
